Congress lobbied to lift hybrid tax credit cap

A123 Systems and Tesla both lobby Congress for help

A horde of auto-orientated lobbyists asked Congress for help yesterday with a number of clean vehicle and clean fuel technologies. Included in that lobbying was a request to remove the cap on hybrid tax credits, which was set at 60,000 hybrid vehicles per manufacturer. Consequently, the leading selling of hybrid cars, Toyota, is already down to a reduced credit that will soon expire completely. Most automakers, on the other hand, have yet to sell one full hybrid.

A123 Systems also lobbied Congress for help in its quest to develop plug-in hybrid vehicles, as did Tesla Motors regarding fully electric vehicles. (more)